Cabinet okays nearly ₹20,000 cr for ATF price stabilization, CV electrification
This article covers multiple Cabinet and CCEA decisions with direct exam relevance. The ATF price stabilization fund touches on fiscal policy, energy security, and government intervention in markets—relevant for UPSC Prelims (economic survey, budget) and Mains (GS-3: infrastructure, energy). The Delhi-NCR vehicle replacement scheme links to environment (air pollution), urban governance, and fiscal incentives—important for UPPSC and UPSC. The Odisha coastal highway project is relevant for OPSC and UPSC (GS-3: infrastructure, HAM model). The Bihar highway project is relevant for BPSC. All decisions reflect government mechanisms to absorb global shocks and promote cleaner mobility.
- The Union cabinet approved up to ₹10,000 crore for oil marketing companies (OMCs) as interest-free advances to stabilize aviation turbine fuel (ATF) prices amid high crude prices due to the West Asia crisis.
- International ATF prices increased 2.5 times from ₹60.5 a litre in March to ₹142 a litre in May, and the government has capped ATF prices at ₹75.6 a litre for domestic operations.